Brief: Asiakastieto Q1 Adjusted EBIT Rises To EUR 10.5 Million

Enento Oyj

08/05/2020 09:03

May 8 (Reuters) - Asiakastieto Group Plc  ATG1V.HE :
    * REG-ASIAKASTIETO GROUP’S INTERIM REPORT 1.1. – 31.3.2020:
STRONG
GROWTH CONTINUED IN A DRAMATICALLY CHANGING BUSINESS ENVIRONMENT
    * Q1 NET SALES AMOUNTED TO EUR 37,6 MILLION (EUR 34,5
MILLION), AN
INCREASE OF 9,0 % (AT COMPARABLE EXCHANGE RATES AN INCREASE OF
10,4 %)
    * Q1 ADJUSTED EBIT EUR 10.5 MILLION VERSUS EUR 9.8 MILLION
YEAR
AGO
    * YEAR 2020 HAS STARTED STRONGLY, BUT GENERAL ECONOMIC
SITUATION
AND DECREASED CUSTOMER ACTIVITY ARE EXPECTED TO DECREASE DEMAND
AND HAVE AN EFFECT ALSO ON DEMAND OF ASIAKASTIETO'S SERVICES
    * DECREASED CUSTOMER ACTIVITY ARE EXPECTED TO DECREASE
DEMAND AND
HAVE AN EFFECT ALSO ON DEMAND OF ASIAKASTIETO'S SERVICES
    * AS IMPACT ON DEMAND FOR SERVICES AND DURATION OF CURRENT
SITUATION ARE UNKNOWN, EXACT EFFECTS ARE IMPOSSIBLE TO EVALUATE.
    * DUE TO UNCERTAIN OUTLOOK, WE WILL ADJUST OUR PLANNED FIXED
COST
BASE BY 5 MILLION EUROS DURING REST OF YEAR TO SECURE SHORT-TERM
PROFITABILITY AND CASH FLOW
    * ONCE VISIBILITY ON DEVELOPMENT OF ECONOMIC ACTIVITY IN
MAIN
MARKETS OF ASIAKASTIETO GROUP IMPROVES AND SIGNIFICANT
UNCERTAINTIES HAVE CLEARED, ASIAKASTIETO GROUP WILL UPDATE
OUTLOOK AND ISSUE A NEW GUIDANCE

Source text for Eikon:  ID:nGNEbglWWJ 
Further company coverage:  ATG1V.HE 

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